RE:RE:RE:RE:RE:RE:Ouff!!!. >> Hexo loses $298.2-million in fiscal Q2 << Ouff!! The MJ sector is still emerging and yet to be profitable. The uptick in sales / revenue and the decrease in operating expense are all positive signs and the right steps towards profitablity. Investors coming in, and those holding, should realize this (it's been in the news for long enough, that's for sure..).
Investors should not be surprised that the company may be raising more capital to sustain operations. The encouraging thing in the call is that SSL mentions this will be done at market, meaning they are not planning on giving away shares at a discount.
If a big player like ACB takes a dive then the supply side of the equation changes dramatically, all those contracts will need to be picked up by other players.
If you think the SP is going down you should research how to open a margin account and take out a short position on the stock. This way you can profit from the SP falling. Be careful though, if you take out your short and the price goes up you could be caught losing everything, if it runs even higher you will be left owing the bank for the rest of your life. Worse thing that will happen is that the BANK MAKES THE CALL ON COVERING YOUR SHORT FOR YOU.
GL on your investing.
Q
FXtheknob wrote: Quin wishfull thinking on raising money in the environment on a sector that does not make profit and will have bankruptcies. Time will tell but I think last week and this is great opp to get out. If you are married to this stock then you can buy back in in April at .50